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Dec 28, 2012
12/12
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the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective, i think washington moves too slowly. tax rates will go for all americans, and cuts will go into effect by the end of this year, and we will see no more unemployment benefits for about 2 million americans. >> there are some technicalities here. what are the government's contingency plans? for example, how will it go about paying bills if no deal is reached? >> a couple of bills they will just not be able to pay. there are emergency measures taken to keep the government operating for several more weeks by the treasury secretary, but they are only kicking
the pressure is on in washington to agree on a plan. only then might the applause on wall street be a little more genuine. >> with the clock ticking ever more loudly in washington, let's bring in our correspondent. first off, are the prospects of an agreement as dim as we are hearing, or could there be a last-minute deal? then of course this could happen, but i think it is quite unlikely. there is an increased pessimism that a deal can be achieved in washington, d.c. from my perspective,...
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Dec 10, 2012
12/12
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CNBC
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the optics as washington likes to call it, of going on vacation when you have a fiscal cliff looming, if you don't have an agreement are simply awful. boehner has already told the republicans that nobody is going on vacation until this thing is settled. i think the democrats are probably going to say, pelosi and reid will say the same thing for the democrats. i wouldn't be surprised if congress stayed in session maybe all the way until the 21st of december. this is going to be not to put too fine a point on it, a cliff hanger with regard to the fiscal cliff. i think there will be some movement. in other words, they will not go on vacation unless there's some agreement about what a framework is going to be or some way that they are going to avoid basically seeing tax rates going up on january 1st and major spending cuts go into effect. there will be some delay if they don't reach a tentative agreement by say december 21st when they head home. >> i would hope so because i think america is going to be upset at this point in time we all recognize what the implications of going over the cl
the optics as washington likes to call it, of going on vacation when you have a fiscal cliff looming, if you don't have an agreement are simply awful. boehner has already told the republicans that nobody is going on vacation until this thing is settled. i think the democrats are probably going to say, pelosi and reid will say the same thing for the democrats. i wouldn't be surprised if congress stayed in session maybe all the way until the 21st of december. this is going to be not to put too...
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Dec 9, 2012
12/12
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WJLA
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confidence, whatever you call it that there will be some sort of resolution around the fiscal cliff and that washington, d.c. is not so recklessly irresponsible to throw this economy back in to recession. so they are behaving as if the fiscal cliff will be resolved. so auto sales have met the challenges of the debt crisis of high gas prices and now the fiscal cliff with the american consumer on a durable good saying we think at the end of the day they will do the right thing and this will be resolved. >> what are you seeing out there? you sell all kinds of cars. what are the hottest brands? whether it is luxury, economy brands, what are you selling most and what's hot? >> i think the most important development in the marketplace is the embracing of fuel economy by the american consumer in an unprecedented way. what's interesting, it is not hybrids and electrics they are embracing. here's the basic equation. we are saying you can have the same size vehicle with the same speed but a 25 to 30% improvement in fuel efficiency with traditional technology that you get your money back in two to three years. th
confidence, whatever you call it that there will be some sort of resolution around the fiscal cliff and that washington, d.c. is not so recklessly irresponsible to throw this economy back in to recession. so they are behaving as if the fiscal cliff will be resolved. so auto sales have met the challenges of the debt crisis of high gas prices and now the fiscal cliff with the american consumer on a durable good saying we think at the end of the day they will do the right thing and this will be...
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Dec 31, 2012
12/12
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KCSMMHZ
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. >> coming up, only hours left for leaders in washington to reach a compromise. some officials say there is hope. >> happy new year to people in australia and asia. >> hugo chavez remained in a hospital in cuba as his condition worsens. captioned by the national captioning institute --www.ncicap.org-- >> as the midnight deadline for agreement on a budget deal approaches quickly, it looks like u.s. lawmakers may have put together is stopgap agreement. some details are emerging as sources close say the talks have been centering on staving off the worst of $600 billion in spending cuts. the president had this to say. >> the potential agreement would make sure it taxes do not go up on middle-class families but it would also extend tax credits for families with children, extend the tuition tax credit that has helped millions of families pay for college, and it would extend tax credits. >> lawmakers were also narrowing the income level at which they would increase to between $400,000.50 under thousand dollars. no deal is reached, taxes will go up for all americans. >>
. >> coming up, only hours left for leaders in washington to reach a compromise. some officials say there is hope. >> happy new year to people in australia and asia. >> hugo chavez remained in a hospital in cuba as his condition worsens. captioned by the national captioning institute --www.ncicap.org-- >> as the midnight deadline for agreement on a budget deal approaches quickly, it looks like u.s. lawmakers may have put together is stopgap agreement. some details are...
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Dec 29, 2012
12/12
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KCSM
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let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy. are the republicans willing to accept that? they will also talk about entitlement spending cuts. are the democrats willing to accept that the government will spend less money? if this is the case, then they might find common ground. one important issue, of course, is going to be the members of the tea party. they are saying compromise is a bad word. of course, it will be difficult for them to find a compromise, to bring them into the boat. >> we had the meeting today. we have the special session on sunday. do you expect a compromise, or are we going over the cliff? >> this is really difficult to predict, but i will look today when they come out of the m
let's bring in our washington correspondent for more on this. what can you tell us about the meeting coming up in less than an hour? what will the president talking about with the republican leadership? >> there are only six people who really know what is going on, and what will really happen at the white house, and they will not talk, but i expect them to talk about higher taxes for the wealthy. are the republicans willing to accept that? they will also talk about entitlement spending...
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Dec 21, 2012
12/12
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KCSMMHZ
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capitol, washington, d.c. it is a tough business. competition is fierce, and it could get worse if the u.s. were to slip over the fiscal cliff. automatic tax hikes across the board would mean less disposable income for american consumers. >> i think our biggest concerns here are we will not be seeing people purchase as many items as they have in the past. we will see people buy jeans and a top, but they will not buy an additional pair of jeans or a dress on top of that. >> many customers are already pinching pennies. >> it has put a lower ceiling than normal on what we can spend for the holidays, our expenditures for our home, our plans for next year, with trips we may or may not go on. >> but the budget control act leading to the fiscal cliff is about more than just tax hikes. automatic public spending cuts would also take effect, primarily in the defense budget, which could have huge repercussions for the massive u.s. defense industry. and there's more -- investment in the country's aging infrastructure would also have to be cut ba
capitol, washington, d.c. it is a tough business. competition is fierce, and it could get worse if the u.s. were to slip over the fiscal cliff. automatic tax hikes across the board would mean less disposable income for american consumers. >> i think our biggest concerns here are we will not be seeing people purchase as many items as they have in the past. we will see people buy jeans and a top, but they will not buy an additional pair of jeans or a dress on top of that. >> many...
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Dec 15, 2012
12/12
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KCSM
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will this even be an agenda- setting one in washington with lawmakers? of course, i am talking about gun control here. >> that is hard to say. we have had this horrible shooting in colorado in july were 12 people were killed, and that was in the middle of the presidential campaign, but it did not really change anything. consistently, you have the argument by the pro-gun lobby who say the laws are in place -- for example, in connecticut, assault weapons are banned. >> i apologize. we were having problems with the signal with our reporter in shington. we are obviously going to get more information to you about the school shooting as it comes in. >> we have also more information now on the attempted explosion here in germany. earlier this week, a homemade bomb found. >> found in a small town in western germany. the federal prosecutor's office has taken over the investigation. the office since the attempted attack was the work of a radical islamist group. german media are now reporting that the bomb actually detonated and only failed to explode due to constr
will this even be an agenda- setting one in washington with lawmakers? of course, i am talking about gun control here. >> that is hard to say. we have had this horrible shooting in colorado in july were 12 people were killed, and that was in the middle of the presidential campaign, but it did not really change anything. consistently, you have the argument by the pro-gun lobby who say the laws are in place -- for example, in connecticut, assault weapons are banned. >> i apologize. we...
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Dec 20, 2012
12/12
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KCSM
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many now want washington to come up with stricter laws about public access to guns. that would include a ban on semi-automatic weapons like the one used to kill people in newtown. >> i do not believe the second amendment covers them. the second amendment was written and a long time before this class of weapons was founded, merchandise, and spread all over our country. >> the national rifle association has broken its silence about last week's killings. in a statement, the nra says its members are shocked and saddened by the horrific and senseless murders. the powerful lobby has a press conference scheduled for friday, and some hope that it will accept stronger restrictions on the sale of assault weapons, but many gun owners think a ban is useless. >> my opinion is that is a natural knee-jerk reaction. we had an assault weapon ban in the pace -- in the past. that law expired and expired for a reason -- it served no purpose. >> the rifle used to slaughter children in newtown is selling like hotcakes because many gun fans fear it and similar assault weapons could soon be
many now want washington to come up with stricter laws about public access to guns. that would include a ban on semi-automatic weapons like the one used to kill people in newtown. >> i do not believe the second amendment covers them. the second amendment was written and a long time before this class of weapons was founded, merchandise, and spread all over our country. >> the national rifle association has broken its silence about last week's killings. in a statement, the nra says...
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Dec 1, 2012
12/12
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KCSM
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with all that uncertainty in washington, traders were playing it cautious. in germany, the blue-chip dax broke a bit of a winning streak, only gaining fractionally. euro stoxx 50 was down on the day. in new york, trading is still under way. it is also not really doing a whole lot today. as for the euro against the dollar, it is above that key $1.30 level, trading for $ 1.3002. unemployment in the eurozone climbed to yet another record in october. and 11.7% of the working age population, about 19 million people, are without a job. in spain, that means one in every four people are out looking for work and a dependent on state aid. >> but it is not all bad news. ireland has managed to turn its major recession around and is now posting gains thanks to a lifeline from the e you. >> two years ago, ireland receive more than 67 billion euros from the eu bailout fund, and the money appears to have helped. the government was able to sink its annual deficit from 32% to 8.5% of gdp, and it is paying much lower interest on government bonds, and the irish economy is growi
with all that uncertainty in washington, traders were playing it cautious. in germany, the blue-chip dax broke a bit of a winning streak, only gaining fractionally. euro stoxx 50 was down on the day. in new york, trading is still under way. it is also not really doing a whole lot today. as for the euro against the dollar, it is above that key $1.30 level, trading for $ 1.3002. unemployment in the eurozone climbed to yet another record in october. and 11.7% of the working age population, about...
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Dec 21, 2012
12/12
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KCSM
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meanwhile, investors are keeping an eye on washington as the deadline to avert the so-called fiscal cliff comes ever closer. >> a different kind of click now -- thousands of mystics, new-age and deals and fans of pre- hispanic culture made their way to mexico in hopes of witnessing great things in less than 24 hours now. that is when the old mayan calendar predicts the end of the current world and the dawn of a new one. >> many of today's ethnic maya do not understand what all the fuss is about. mostly christian, they have looked on in wonder at the influx of foreign tourists to ancient cities in southern mexico and central america was a past hundreds of years ago. -- whose heyday past hundreds of years ago. >> they are dancing according to an ancient mayan ritual in preparation for the end of the world. these days, the famous complex in guatemala is full of visitors. many tourists have come to experience the big day. >> there are mixed feelings. s going to end. others believe it is the end of one era and the beginning of another. democrats are also gathering at mayan sites in mexico. tou
meanwhile, investors are keeping an eye on washington as the deadline to avert the so-called fiscal cliff comes ever closer. >> a different kind of click now -- thousands of mystics, new-age and deals and fans of pre- hispanic culture made their way to mexico in hopes of witnessing great things in less than 24 hours now. that is when the old mayan calendar predicts the end of the current world and the dawn of a new one. >> many of today's ethnic maya do not understand what all the...
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Dec 18, 2012
12/12
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CSPAN
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here is the washington -- the "washington post. they're getting closer to some sort of deal. let's begin with the overall march of this. they're looking at more spending cuts, one being social security or more benefits. in general, what you think this means for states? guest: as this is a balding, -- is an evolving, these proposals do not have a lot of effect on the states. the big programs for spending our social security, medicare and medicaid. what we are hearing is that medicaid is off the table and that is the only one of the three that has a direct impact on the states with the federal share program. and the other things we are hearing are on the revenue side. and again, the direct impact on states is very minimal. host: what if sequestration were to happen? what is the biggest concern for states? if they can reach a deal, was the biggest concern? guest: the biggest concern is that states have not been able to plan for what is going to happen because they do not know. everyone says sequestration will not happen. now we are two weeks away and states have had to figure of
here is the washington -- the "washington post. they're getting closer to some sort of deal. let's begin with the overall march of this. they're looking at more spending cuts, one being social security or more benefits. in general, what you think this means for states? guest: as this is a balding, -- is an evolving, these proposals do not have a lot of effect on the states. the big programs for spending our social security, medicare and medicaid. what we are hearing is that medicaid is off...